Belmont Resources (CVE:BEA) Trading Up 14.3% – Should You Buy?

Belmont Resources Inc. (CVE:BEAGet Free Report) shares rose 14.3% during mid-day trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 1,049,659 shares changed hands during trading, an increase of 643% from the average daily volume of 141,179 shares. The stock had previously closed at C$0.04.

Belmont Resources Stock Up 14.3%

The firm’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.04. The firm has a market cap of C$5.30 million, a PE ratio of -4.00 and a beta of -0.20.

About Belmont Resources

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Belmont Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects. The company holds interests in the Crackingstone project located in North Shore Lake Athabasca; the Come By Chance project located in Southeastern British Columbia; and the Athelstan Jackpot and Pathfinder projects located in southern British Columbia of Canada.

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